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Thursday, 17 September 09
INDIA SEEKS COAL
 IBT commodities reported that, India is on a coal buying spree. The big Asian nation is scrambling to cover an expected shortfall in domestic supply.
While Indian cement maker Gujarat Ambuja is seeking 200,000 tonnes of South African coal for late Q4 shipment, Australian firms Rio Tinto and Gina Rinehart's Hancock Prospecting are looking to sell state-owned giant Coal India stakes in thermal coal mines.
Coal India, the world's biggest coal miner, aims to import 50 million tonnes of thermal coal a year from Australia, Indonesia and Mozambique from 2016-17 to cover a forecast increase in demand for power, chairman Partha Bhattacharya said.
India imports Australian coking coal for its steel mills, but it takes only a fraction of Australia's 130 million tonnes a year of thermal coal exports.
Hancock, which is in the early stages of studies to build two large-scale Queensland thermal coalmines, and Rio, are understood to be among a number of Australian miners that have submitted expressions of interest to sell stakes in mines and projects to Coal India.
Rapid acquisitions
In July, Coal India said it would make rapid acquisitions of coal resources in major exporting countries as it looked to plug a potential 200 million tonnes a year shortfall by 2012.
India's 11th five-year development plan aims to provide all villages and houses below the poverty line with power and to boost economic growth to 10 per cent by 2011-12.
Bhattacharya said he planned to have a deal with one or more Australian miners within a year. He would not indicate what funds he had at his disposal.
Coal India is entertaining all levels of deals, from minority stakes in mines to becoming an operator and is said to be reportedly chasing stakes in large-scale mines of 10 million to 15 million tonnes a year.
The firm is also said to be eyeing acquisition of a mid-sized thermal coal block in Australia. This is in addition to the recent offers from a number of prospective 'strategic partners.'
Expression of interest
CIL has already received 15 expressions of interests (EoI) from Australia for strategic partnership. Apart from Australia, the company received 18 EoIs from Indonesia, 6 from South Africa and 13 from the US.
"We have received a total of 52 EoIs. Of the same 45 are from the mining companies and appear to be sound. A committee is set-up to shortlist the proposals," Bhattacharyya said. The CIL chairman will be visiting the US next week.
Indian miners do not produce any Australian thermal coal.
ASX-listed Gujarat NRE Minerals, which is 82 per cent owned by Indian importer Gujarat NRE Coke, is the only Indian-controlled coalminer in Australia. It has two coking coalmines near Wollongong, from which it hopes to boost production in Australia from less than one million tonnes a year to seven million tonnes.
Search on
Looking beyond its border for coal is India's largest power generator, NTPC, which is currently engaged in capacity addition of 22,430 mw by the end of 11th plan. The firm is said to be exploring opportunities for acquisition of coal blocks or coal mines in South Africa, Indonesia, Mozambique and Australia.
NTPC chairman and managing director RS Sharma said on Tuesday, "It is at a preliminary stage. As far as the acquisition of coal mines in Indonesia is concerned, NTPC has roped in Australian firm Macquarie as a consultant to do the due diligence."
Sharma said the NTPC board was yet to take any decision on acquiring mines or picking up minority stake in coal blocks in either of these countries.
NTPC sources, however, said the company plans to buy a minority stake in Kalimantau coal mines in Indonesia to achieve fuel security.
NTPC, which currently produces over 30,000mw, will need 150 million tonne of coal for 2009-10. It plans to import nearly 12 million tonne. After adding the proposed 22,430 mw by end of 2011-12, NTPC's coal requirement will shoot up to 225-250 million tonne. The company will import around 20 million tonne then.
NTPC hopes to produce 20 million tonne from its captive coal mines, which are under various stages of development. According to NTPC's corporate plan, the company has proposed a coal mining capacity of 50 million tonne per annum by 2017.
The company is currently developing four coal blocks - North Karanpura and Brahmini (both in Jharkhand), Ib Valley (Orissa), and Mand Raigarh (Chhattisgarh).
Initiating coverage
The strength in the Asian markets could "continue to lift US producers with significant overseas leverage," said Brean Murray, who has initiated coverage on the US coal space.
Source: IBT Commodities
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Monday, 17 August 09
COAL EXPORTS CONTINUE DESPITE SHORTAGE
Vietnam News reported that, Viet Nam is exporting more coal despite a warning from experts that the country could face a shortage of this fossil fue ...
Monday, 17 August 09
S.KOREA JULY COAL IMPORTS UP TO 8.97 MLN T
* Imports of heating coal in July up 3.7 percent on year
* LNG imports in July fall for seventh straight month
Alibaba reorted that, South Kore ...
Monday, 17 August 09
COAL INDIA PLANS A PRICE HIKE OF 11%
With the state-run CIL mining 84% of the coal produced in the country, an 11% increase will push up inflation by around 0.16%, the company said
L ...
Monday, 17 August 09
BANPU SEES INDONESIAN MINE OUTPUT UP 10 PCT IN 2010
Reuters reported that, Thailand's top coal miner, Banpu, said on Monday it expected coal output from its Indonesian mines to rise 10 percent to abo ...
Monday, 17 August 09
COAL IMPORTS SURGE IN H1
China is one of the world's leading coal producers. But even so, imports of coal have surged in the first half of the year, hitting a record in Jun ...
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- Savvy Resources Ltd - HongKong
- ASAPP Information Group - India
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- Georgia Ports Authority, United States
- Malabar Cements Ltd - India
- Goldman Sachs - Singapore
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- Simpson Spence & Young - Indonesia
- London Commodity Brokers - England
- Kepco SPC Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Meenaskhi Energy Private Limited - India
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- PetroVietnam Power Coal Import and Supply Company
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- Maharashtra Electricity Regulatory Commission - India
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- Metalloyd Limited - United Kingdom
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- Energy Development Corp, Philippines
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- Planning Commission, India
- Parliament of New Zealand
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- Semirara Mining and Power Corporation, Philippines
- Semirara Mining Corp, Philippines
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- Bhoruka Overseas - Indonesia
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- IEA Clean Coal Centre - UK
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- Sindya Power Generating Company Private Ltd
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- SMG Consultants - Indonesia
- Chamber of Mines of South Africa
- Timah Investasi Mineral - Indoneisa
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- ICICI Bank Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Sinarmas Energy and Mining - Indonesia
- Agrawal Coal Company - India
- Sree Jayajothi Cements Limited - India
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- Vijayanagar Sugar Pvt Ltd - India
- Minerals Council of Australia
- Interocean Group of Companies - India
- The University of Queensland
- San Jose City I Power Corp, Philippines
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- Jindal Steel & Power Ltd - India
- Indonesian Coal Mining Association
- The Treasury - Australian Government
- Coastal Gujarat Power Limited - India
- Samtan Co., Ltd - South Korea
- Vizag Seaport Private Limited - India
- Australian Coal Association
- McConnell Dowell - Australia
- Economic Council, Georgia
- Power Finance Corporation Ltd., India
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- Coal and Oil Company - UAE
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- PowerSource Philippines DevCo
- Siam City Cement PLC, Thailand
- Kohat Cement Company Ltd. - Pakistan
- Tata Chemicals Ltd - India
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- European Bulk Services B.V. - Netherlands
- Latin American Coal - Colombia
- Posco Energy - South Korea
- Holcim Trading Pte Ltd - Singapore
- Ministry of Mines - Canada
- Mercator Lines Limited - India
- Tamil Nadu electricity Board
- Wilmar Investment Holdings
- Singapore Mercantile Exchange
- South Luzon Thermal Energy Corporation
- Borneo Indobara - Indonesia
- Sical Logistics Limited - India
- Iligan Light & Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- MS Steel International - UAE
- Kaltim Prima Coal - Indonesia
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- Commonwealth Bank - Australia
- IHS Mccloskey Coal Group - USA
- Indian Energy Exchange, India
- TeaM Sual Corporation - Philippines
- Banpu Public Company Limited - Thailand
- New Zealand Coal & Carbon
- Mintek Dendrill Indonesia
- Ministry of Finance - Indonesia
- Energy Link Ltd, New Zealand
- Videocon Industries ltd - India
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- Rio Tinto Coal - Australia
- Neyveli Lignite Corporation Ltd, - India
- Parry Sugars Refinery, India
- Gujarat Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Port Waratah Coal Services - Australia
- Wood Mackenzie - Singapore
- Eastern Energy - Thailand
- Marubeni Corporation - India
- Antam Resourcindo - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- CIMB Investment Bank - Malaysia
- Bangladesh Power Developement Board
- Alfred C Toepfer International GmbH - Germany
- Bukit Baiduri Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Toyota Tsusho Corporation, Japan
- Karbindo Abesyapradhi - Indoneisa
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- AsiaOL BioFuels Corp., Philippines
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- Global Business Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Australian Commodity Traders Exchange
- Trasteel International SA, Italy
- Essar Steel Hazira Ltd - India
- Gujarat Sidhee Cement - India
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- Kobexindo Tractors - Indoneisa
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- LBH Netherlands Bv - Netherlands
- Bukit Makmur.PT - Indonesia
- Kumho Petrochemical, South Korea
- Carbofer General Trading SA - India
- Price Waterhouse Coopers - Russia
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- Indogreen Group - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
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- Central Electricity Authority - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Authority, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Maheswari Brothers Coal Limited - India
- Aditya Birla Group - India
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